After a meeting with President Tinubu, Aliko Dangote urged Nigeria’s wealthy class to channel spending away from luxury cars and private jets toward industrial investment that can drive growth and jobs. Punch reports that Dangote framed the call as a cultural and policy-era comparison, arguing that restrained elite consumption in earlier periods contrasted sharply with today’s conspicuous spending. He warned that capital tied up in prestige assets could be far more transformative if redirected into manufacturing and large-scale productive ventures. Source: Punch, December 7, 2025.
Tag: private Jets
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Low offers halt sale of president’s jet
The Federal Government has reportedly withdrawn Nigeria’s Presidential Boeing 737-700 Business Jet from an international sales listing after receiving offers deemed far below expectations. Sunday Punch cites senior presidency and security sources indicating that some bids were around $10 million, which officials considered inadequate for the 20-year-old aircraft. Aviation market logic mentioned in the report suggests older VIP jets attract fewer serious buyers, as high-net-worth purchasers often prefer newer airframes with stronger manufacturer support and updated bespoke interiors. Source: Punch, December 7, 2025.